The cryptocurrency market is significantly affected by inflation data in the United States, particularly the Consumer Price Index (CPI). On May 13, 2025, inflation data is expected to show stability at 2.4% year-on-year, while the core inflation rate is expected to remain at 2.8%.
*Impact of Inflation Data on Cryptocurrencies*
- If the inflation data comes in higher than expected, it may lead to a rise in the US dollar, which could negatively impact cryptocurrency prices.
- If the data comes in lower than expected, it may boost confidence in the markets, potentially driving cryptocurrency prices higher.
*Analysis of the Impact of Inflation Data on Bitcoin*
- Inflation data is expected to affect the price of Bitcoin, as rising inflation could lead to decreased demand for cryptocurrencies.
- However, some analysts believe that Bitcoin may remain stable or even rise under certain economic conditions.
*Market Predictions*
- Some analysts expect the price of Bitcoin to remain stable above the $100,000 level, with the possibility of short-term volatility due to inflation data.
- Some analysts also believe that Bitcoin could reach new highs above $110,000 if the financial inflows into Bitcoin exchange-traded funds continue.